Cambridge Index drops 3.4%

The Cambridge Index dropped 957.6 points or 3.4% to close at 26,856.6, as five out of the top ten index heavyweights posted weekly losses in their share price.

Kirly Group Holdings

Johnson Matthey, up 0.8%, announced the appointment of Joachim Rosenberg as an independent Non-Executive Director, effective from the conclusion of its Annual General Meeting. 

Sareum Holdings, up 4.3%, today, announced the completion of dosing in the Phase 2-enabling toxicology programme for SDC-1801, its selective oral TYK2/JAK1 inhibitor being developed for autoimmune diseases, initially psoriasis. Following the programme’s restart in February 2026, the company is analysing the data and progressing chemistry, manufacturing and controls and formulation development activities, with the full Phase 2-enabling regulatory package expected to be completed by 4Q26. 

GetBusy, up 1.5%, announced the appointment of Paul Huberman as Chairman, succeeding Miles Jakeman, who has stepped down after nine years on the board. The company also confirmed that Nigel Payne has been appointed Chairman of the Audit Committee, with both changes taking immediate effect. SDI Group, up 0.6%, announced that it will release its results for the year ended 30 April 2026 on 29 July 2026. 

Oracle Power, down 20.0%, today, announced progress towards mining at its Northern Zone Gold Project, part of the Kalgoorlie Gold Project in Western Australia. The company expects to submit its site clearance and Native Vegetation Clearing Permit applications in this month, while the fauna and integrated flora and vegetation reports are being finalised. Feedback, down 8.1%, in its trading update for the year ended 31 May 2026, announced that revenue remained broadly flat at approximately £0.8m. Cash balances rose to £2.7m, ahead of expectations, while the EBITDA loss is expected to be lower than both market expectations and the prior year due to disciplined cost controls. 

Potter & Moore, down 6.1%, announced that a recorded presentation for investors and analysts in relation to its audited results for the year ended 31 March 2026 will be published on its website and made available through the Investor Meet Company platform on 22 July 2026.

UK markets ended mostly higher last week, following Britain’s upbeat economic growth data. UK’s gross domestic product rose as expected in May, while the nation’s manufacturing production unexpectedly advanced in May. Meanwhile, UK’s BRC like-for-like retail sales rose less than forecasted in June, while industrial production declined more than anticipated in May. The FTSE 100 index advanced 1.0% to settle at 10,600.4, while the FTSE techMARK 100 index gained 1.1% to end at 8,890.2. Meanwhile, the FTSE AIM 100 index fell 0.8% to close at 3,509.1. 

US markets ended lower in the previous week, as a selloff in AI related stocks and escalating geopolitical tensions weighed on investor sentiment. In the US, the consumer price index rose less than anticipated in June, while the producer price index advanced less than forecasted in June. Meanwhile, the US NFIB business optimism index rose more than expected in June, while retail sales rose as expected in June. Additionally, the weekly jobless claims unexpectedly dropped to a 2-month low in the week ended 10 July 2026. Furthermore, the US Philadelphia Fed manufacturing index climbed to a 5-year high in July. The DJIA index fell 0.9% to end at 52,146.4, while the NASDAQ index lost 2.9% to close at 25,520.2.



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